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DHL (originally named after Dalsey, Hillblom and Lynn) is a multinational logistics brand, founded in the United States and headquartered in Bonn, Germany. [5] It provides courier, package delivery, and express mail service, delivering over 1.7 billion parcels per year. [6]
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DHL Group was the largest logistics company worldwide in 2022. [5] [better source needed] DHL Group is the successor to the German mail authority Deutsche Bundespost, the oldest modern postal service in the world, [6] tracing its roots to the middle ages. It was privatized in 1995 and became a fully independent company in 2000.
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In Canadian and USA markets DHL Supply Chain operated under the name Exel until January 2016. In 2016, the DHL Supply Chain division's revenue decreased by 11.6% to €14.0 billion versus 2015, but operating profit improved by 27.4% to €572 million.
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In May 2000, NFC plc merged with Ocean Group plc and, adopting the name of its American subsidiary, became Exel plc. [3] In August 2004, Exel plc acquired Tibbett & Britten, a leading contract logistics business based in the United Kingdom, for $710m. [4] On 14 December 2005, Deutsche Post announced the completion of the acquisition of Exel plc ...